Agricultural Price Distortions, Poverty and Inequality in the Philippines

Caesar B. Cororaton, Erwin Corong and John Cockburn ()

No 52790, Agricultural Distortions Working Paper from World Bank

Abstract: This paper analyzes the poverty and inequality implications of removing agricultural and non-agricultural price distortions in the domestic market of the Philippines and abroad. Liberalization in the rest of the world is poverty and inequality reducing, whereas full domestic liberalization increases national poverty and inequality. Poverty declines while inequality increases marginally in the combined scenario of both global and domestic agriculture reform. Although the reduction in the national poverty headcount is small in the latter scenario, the poorest of the poor – particularly those living in the rural areas – emerge as “winners”, given their strong reliance on agricultural production and unskilled labor wages.

Keywords: Distorted incentives; agricultural and trade policy reforms; national agricultural development; Agricultural and Food Policy; International Relations/Trade; F13; F14; Q17; Q18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-dev and nep-hap
Date: 2009-06

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Persistent link: http://EconPapers.repec.org/RePEc:ags:wbadwp:52790

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